Protection

Lawlords are considering a review of insurance contract law to assess whether non-disclosure rules should be tightened in favour of the policyholder and whether the legal onus should be on insurers to "ask questions".

Thousands of intermediaries and hundreds of insurers may have to rewrite their Terms of Business Agreements (TOBAs) because of a lack of clarity from the Financial Services Authority (FSA) over client money rules, a City law firm has warned.

New player City Connexions is embarking on an aggressive product launch cycle through 2006, starting next month with term life for the sub-prime market, a three-year single premium MPPI product, and a buildings and contents offer.

Virgin Money has unveiled a new type of limited condition critical illness insurance targeted as individuals seeking financial protection in the event of cancer.

Regulation

Bright Grey is encouraging advisers to register now for the launch of its new extranet in January designed to enable them to get full online quotes as well as apply online.

Rate war

City Connexions, a new entrant to the mortgage payment protection market has announced further distribution agreements beyond Personal Touch Financial Services.

Support has been lent the FSA by the ABI over its work on capital adequacy, following publication of a briefing note over the regime adopted one year ago.

The critical illness market should change to focus on the financial losses people face rather than the severity or list of illnesses included in product terms, according to protection industry officials.